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Home » Forex Brokers » by Regulation » FCA Regulated

Best FCA Regulated Forex Brokers

UK’s FCA is one of the most highly reputable financial regulators that holds licensees to a high standard of fairness in operations. The FCA requires brokers to deposit client funds to segregated accounts, has periodic audits of brokerages, and requires brokers to participate in the Financial Service Compensation Scheme. The following are our top picks for FCA regulated brokers.

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Forex.com
trusted
Available in
Country Flag
1
Forex.com
20 customer reviews
Rating
4.6
/ 5
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  • Specialized trading accounts
  • 24/7 instant money withdrawal
Pros

  • Top-Tier Regulation

  • Low Forex Fees

  • No Withdrawal Fees

Cons

  • High Stock CFD Fees

  • Limited Product Portfolio

  • User Interface Could Be More Intuitive

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:50
Start trading
76-77% of retail investor accounts lose money when trading CFDs with this provider.
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IG
Available in
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2
IG
0 customer reviews
Rating
4.1
/ 5
Expand
  • FCA Regulated
  • Affiliate Program
Pros
  • Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.
  • Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
  • Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.
Cons
  • Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.
  • Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.
  • No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.
  • Withdrawal fee$0
  • Deposit feePossible third-party charges up to 2.3% on credit cards
  • Max Leverage1:200
Start trading
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Trading.com
Available in
Country Flag
3
Trading.com
0 customer reviews
Rating
3.9
/ 5
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  • Variety of Trading Instruments
  • WebTrader Platform
  • Simple Registration
Pros

  • Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.

  • The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.

  • Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.

Cons

  • Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.

  • The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.

  • Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:30
Start trading
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Interactive Brokers
Available in
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4
Interactive Brokers
3 customer reviews
Rating
3.9
/ 5
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  • 24/7 instant money withdrawal
Pros

  • Unparalleled Market Access 

  • Competitive Pricing 

  • Advanced Trading Tools

Cons

  • Steep Learning Curve

  • Customer Service Could Be Better

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
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Plus500
trusted
Available in
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5
Plus500
0 customer reviews
Rating
4.9
/ 5
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  • Multiple Tier-1 Regulators
  • No Deposit Fees
  • No Withdrawal Fees
Pros
  • Well-Regulated Broker: Plus500 is regulated by multiple  regulatory bodies across different regions of operation. These regulatory bodies ensure that brokers uphold fair market standards for both individuals and corporations.
  • Extensive Market Offerings: Plus500 is a multi-asset broker that offers trading on three different markets – the Plus500 CFD platform, Plus500 Invest (for share dealing, *availability subject to regulation), and Plus500 Futures (available only to US traders). Plus500 provides CFD trading across a broad range of asset classes, including shares, indices, forex, commodities, ETFs, and cryptocurrencies.
  • Negative Balance Protection: As required by ESMA since 2018 for all European brokers, Plus500 provides negative balance protection to ensure that customers cannot lose more money than they have deposited into their accounts.
Cons
  • Limited Account Types: Plus500 does not offer its clientele a variety of trading accounts; hence it limits their trading preference.
  • Limited Trading Features: Direct third-party analytical and automation tools integration with WebTrader is unavailable across Plu500 platforms. There is also no functionality for back-testing.
  • Charges Inactivity Fee: After 3 months of inactivity, Plus500 charges traders $10 a month.
  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:30
Start trading
82% of retail investor accounts lose money when trading CFDs with this provider.
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Exness
trusted
Not available in
Country Flag
6
Exness
52 customer reviews
Rating
4.9
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
Pros

  • Competitive Trading Conditions

  • Wide Range of Tradable Instruments

  • Advanced Trading Platforms

Cons

  • Limited Regulatory Oversight for Some Entities

  • Limited Educational Resources for Beginners

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
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FxPro
trusted
Not available in
Country Flag
7
FxPro
206 customer reviews
Rating
4.7
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
Pros

  • Regulated by Multiple Tier-1 Authorities

  • Competitive Trading Conditions

  • Wide Range of Trading Platforms

Cons

  • Higher Commissions on Certain Platforms

  • Limited Educational Resources Compared to Other Brokers

  • Not Available Worldwide

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:10000
Start trading
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City Index
trusted
Not available in
Country Flag
8
City Index
10 customer reviews
Rating
4.6
/ 5
Expand
Pros

  • Well-Regulated

  • Wide Range of Markets

  • Advanced Trading Tools and Platforms

Cons

  • Inactivity Fees

  • Limited Account Types

  • Limited Leverage

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
71% of retail investor accounts lose money when trading CFDs with this provider.
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HYCM
trusted
Not available in
Country Flag
9
HYCM
173 customer reviews
Rating
4.6
/ 5
Expand
  • 24/7 instant money withdrawal
Pros

  • Unlimited demo account: Both new and experienced traders can access the different HYCM demo accounts across the broker’s platform for as long as they like. This will help new players become better skilled and experienced players more familiar with the various trading environments on the platform.

  • Supports multiple languages: Another HYCM bonus is its earned regulatory approval in 140 countries. This strongly indicates the broker’s versatility. Depending on the traders’ nationality, anyone can enjoy full access to the trading platform in their preferred language.

  • Long-standing reputation: With over 40 years in the financial industry, HYMC stands tall as an industry leader that has stood the test of time. Its financial services have also improved over the years to increase the platform’s functionality and create an enjoyable trading experience.

Cons

  • Customer support is unavailable during weekends: Since the broker offers financial services for some trading instruments that operate 24/7, customer support must be available round the clock. However, HYMC’s customer support services across all platforms are only available on weekdays. This means traders have to wait till weekdays to access customer support if the need arises on weekends.

  • Withdrawal feeNo
  • Deposit feeNo
  • Max Leverage1:400
Start trading
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ActivTrades
Not available in
Country Flag
10
ActivTrades
164 customer reviews
Rating
4.5
/ 5
Expand
  • Specialized trading accounts
Pros

  • Solid Regulatory Oversight

  • Fast Execution Speeds

  • Innovative Trading Tools

Cons

  • Limited Asset Range

  • Commissions and Fees

  • Mixed Customer Support Reviews

  • Withdrawal fee0$
  • Deposit fee0$
  • Max Leverage1:400 (1:30 for EU)
Start trading
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Our ranking methodology and selection process

In order to avoid fraud, it is highly advisable to trade with brokers that have a tier – 1 regulator like FCA. The Financial Conduct Authority (FCA) is an independent UK regulatory body that oversees financial firms, including forex brokers. Brokers regulated by the FCA have to maintain a high standard in terms of fairness and transparency. Strict regulatory standards from FCA gives traders a peace of mind that their funds are protected. 

FCA-regulated brokers are required to maintain segregated client accounts, which means your funds are kept separate from the broker’s operational funds. This offers an added layer of security in case the broker faces financial trouble or insolvency. Additionally, all FCA-regulated brokers must be transparent about their pricing and trading practices. This means no unwanted surprise fees for traders. 

One of the major benefits of trading with an FCA-regulated broker is the Financial Services Compensation Scheme (FSCS). If a broker becomes insolvent or fails to deliver on the promises, you may be eligible for compensation of up to £85,000. 

With these features and multiple layers of security, it is highly advisable for new traders to opt for FCA-regulated brokers. However, seasoned traders may prefer a higher leverage than 1:30 that FCA regulated brokers can offer. Trading with other options that allow a higher leverage may be a better option.